Hey everyone! I want to learn but there is so much information. What tips can you suggest for a novice trader?

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The book “Trader Construction Kit” is a great book if you want to learn. Written by a very smart author

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It really is a great book. I read the book cover to cover and now I use it as reference when I need a refresher on something. If you are treating the book like an assignment, I would suggest doing the following:


-Read the chapter summaries first and then read the entire chapter.
-Before your study session, skim previous chapters and chapter summaries
-Understand every concept and word in the book. If you come across something you are not familiar with, do your own research online.
-Go at your own pace where you can fully grasp the material, but not too slow where you get rusty
-Reread chapter summaries and go over notes daily

If you don’t mind me asking, what in particular are you looking to gain from reading the book? I can suggestion additional readings if you would like

Never let your green trade turn to red. Always take profit!

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i burned my account a while ago by not taking profit in time. Expensive lesson for me.

Risk Management

Learn the strat!

Related Posts

How are you all? Any queries, Im here to help :). You can DM me if you want :)

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What are your go to books/blogs/resources that have helped you develop a solid approach in handling and talking to clients? In down markets, I tend to lean on statistics to make clients feel better.

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Is Deloitte (UK) in a hiring freeze currently? I applied and interviewed for a Consultant role in GPS in august and received verbal but have been waiting on approvals ever since to give a formal offer. Recruiter is very positive still and chasing up but not sure what to think

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2.5 YOE, 6.2 LPA Mainframe, recently got an offer from TCS for Mainframe Developer position with 7.5Lpa. My project Director called me and willing to match the salary here in Cognizant. He said i will be eligible for yearly hike as well.

Please suggest if truly I will be eligible for yearly hike after being retained and is it good to stay overall.

P.S - TCS gave 7.5 on top of 5.1 LPA, 6.2 is what i got recently in April promotion for Associate.

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What’s the best certification to get starting out? To get my foot in the door? Network +?

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Advice: been dating my gf for 2.5 yrs. recently bought a ring and she knows it. She constantly pushes me to propose (daily for last month) and I finally do it and she cries because I didn't get down

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Hey all, can anyone fill me in on the current work from home/office split in McKinsey right now? If office dependent, it’s the London office I’m asking about! Thanks 😊

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Hi, Am a desktop support Engineer serving notice period in TCS. 19th April is my last working day.. I still not got any offer.. Is ti advisable to revoke my resignation or should I wait..

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Crazy to think that a lot of us get paid more than airline pilots....

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Does anyone have recs for a good but not too expensive cross border (Canada-US) accountant? Looking for a consultation/advice

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Hey, Guys!

Do we have to take a print out, physically sign and then upload the scanned document of the offer letter or is it enough to accept the offer letter through the SAP portal only?

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Hi, i got interviewed and received a email on 25 last month for documents submission after which i was supposed to have an hr round like in a day or 2 as told by them in Deloitte. I am still waiting for this round. Everytime i try to connect with them they say its in process and will call soon. Should I continue to wait or should i move on..

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Anybody look into making a career pivot into program management?
Or really, anything???? Anything besides law???
Thanks

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Weekend Drive(Virtual) 17-18 Sept for Below Technologies in LTI-Larsen and Toubro Infotech.

*For Registration, Dm your Email with Job Name*

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I've done parts of the CFP but couldn't sit for the exam. I am thinking about finishing the requirements to sit, but I am wondering if my time would be better spent prospecting. Thoughts?

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How does the career graph of business analyst (for business analysis and not analytics) look like?

I have 8 yoe as a manual qa and have been offered the position of business analyst within the company. Want to know the scope before telling a yes.

Thanks in advance for your help

What is WLB actually like at salesforce?

Are there any entry or associate level Product /Project Manager jobs hiring right now?

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Maybe you guys can help, i want to get into tech but I can’t code, how can I effectively make that switch? I’m 40 and have been running my own business with my wife since COVID but it’s at a point where I can step away a little and do something different I’ve always wanted to do. Any advice?

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Additional Posts in Option Traders & Investing

Anyone buying $APPS? Dipped hard today

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What will be the impact of scraping the infrastructure bill? Will EV stocks plummet? Oil increase? Any other sectors now that tax rate might not be needed to be increased?

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wht you all think about McDonalds call as their earnings is coming up on Thursday? A surprise beat and better outlook could boost their price this week???

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Any thoughts on “O” , 4% dividend, approx 7% on covered call.?

NIO 🔥🔥

115% return in 2 months. Should I exit or hold it for a few more months?

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Screenshot of my portfolio. Anyone have the same pick?

Post Photo
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Anyone buying SPY puts? Crazy wealth happening to some people right now

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I predicted $37k in 24 hours and it’s not even up to 24 hours 😘😘

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Outside of personal experiences, what books or publications have taught you the most about options (trading)?

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Do you read articles on Zerohedge? It has some reputable research report excerpts but I noticed some are advertising gold a lot and asking here if I should be careful on reading the opinions there?

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Anyone buying VMware after the CEO news?

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If I use margin to sell puts, do I pay interest if I don’t get assigned at expiration? I’m using Robinhood and yes, I understand Robinhood isn’t recommended.

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I follow this Bowl pretty closely to learn, but have not jumped fully into options yet. Just curious, for those willing to share, what’s a good day of gains for you, a bad day of losses for you, and an average day for you? Seems like there are some high rollers here.

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Will ETH ever hit 10k or is crypto dead?

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I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

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ARVL looks very attractive. It’s just $1 a share and it still has its investments from big auto manufacturers. It is very focused on quality and has responded to market events with care. The company will begin its production of low cost EU certified electric buses in Q4. Electric is the future and now is the time to invest! While big auto manufacturers have quickly begun production, their cost has continued to increase, while ARVL offers a competitive product that will evolve in 5-6 yrs.

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BC - making another run at JWN puts?

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Anyone observed that money is sliding into beaten up growth stocks slowly. Either money makers are covering their shorts or it’s time for ARKK funds to fly again.

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Would you invest in mid scale hotels post-covid crisis? Im getting investment opportunities to develop economy range hotels. Not sure if its a good idea?

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DWAC - it’s been doing surprisingly well. How is this SPAC different than the others? Anyone invested in it, Despite its ownership? Thoughts?

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